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Ukraine Drone Strike Sparks Fire at Sochi Oil Depot, Russia Says

Fire engulfs a Rosneft-operated oil depot near Sochi's Adler district. (Source: UNITED24 Media / Ivan Khomenko) Drone Debris Sparks Fire at Oil Depot in Sochi, Russian Officials Say A fire broke out at an oil depot in the Russian city of Sochi early on Friday, after what Russian officials claim was a drone strike carried out by Ukraine. The incident occurred near the Adler district, close to the Black Sea coast. Local emergency services said the fire began when debris from a downed drone struck a fuel tank. According to Krasnodar Region Governor Veniamin Kondratyev, around 2,000 cubic meters of fuel were stored at the facility. Over 120 firefighters were deployed to tackle the flames. No injuries have been reported, and the fire was eventually brought under control. Operations at Sochi’s airport were temporarily suspended in response to the fire, but flights resumed later in the day after the situation was stabilized. One of Several Drone Incidents Russian...

New GST Rates India 2025: Simplified Slabs, What Gets Cheaper & FAQ

India’s New GST Rates 2025: Major Changes & What You Need to Know Think of GST as the lens through which every price—soap, medicines, cars—becomes clearer. Now, that lens just got a major upgrade. India’s new GST overhaul—dubbed “GST 2.0”—is here, and it’s a game-changer. Dive in to see what’s cheaper, what’s still pricey, and why it matters to your wallet and economy. What’s Changed: Simplified Slabs & New Tax Tiers At its core, the GST structure has been simplified. Gone are the confusing four slabs; starting September 22, 2025 , India shifts to just two main tax rates— 5% and 18% —plus a new 40% slab for sin and luxury goods 1. 5% slab: Covers essentials like food, medicines, household items. 18% slab: Standard rate for most goods and services—electronics, vehicles, appliances. 40% slab: Reserved for sin and luxury goods—tobacco, aerated drinks, high-end cars 2. Why This Matters: Who Wins, Who Doesn’t This isn’t just policy—it’s your everyd...

Supreme Court Tariffs 2025 Explained: What Fast-Track Means for Importers & Consumers

Supreme Court Tariffs 2025 Explained: What the Fast-Track Filing Means for Importers & Prices Introduction Imagine you run a small U.S. business—importing specialty goods, negotiating pricing, and building customer loyalty. Suddenly, everything shifts. A sweeping set of tariffs imposed under emergency law hangs over your head, and now, they’re caught in a high-stakes legal showdown. In early September 2025, the Trump administration urged the Supreme Court to act fast on a case that could determine whether these emergency-powered tariffs stay—or go. Let’s break down what’s at stake—and how it could affect you. 1. What Just Happened? A Timeline Tariffs in Play : The administration enacted broad “Liberation Day” tariffs in April, using the International Emergency Economic Powers Act (IEEPA) as legal justification. These include a 10% baseline and elevated reciprocal rates. Legal Challenges Begin : Small businesses and several states sued. In May, a federal trade cour...